By Claire West

The Chancellor has announced Robert Chote as his preferred candidate for the Chair of the Office for Budget Responsibility (OBR).

In a letter to the Chair of the Treasury Select Committee (TSC), the Chancellor reaffirmed the commitment he made in July to provide the Committee with the power to veto the appointment of the Chair of the OBR. As such, Mr Chote’s appointment will be subject to a pre-appointment hearing before the TSC.

The Chancellor said:

"Robert Chote's experience and suitability to become the first chair of the permanent OBR is beyond doubt. As Director of the Institute for Fiscal Studies, he has been one of the most credible independent voices on the public finances, taxation and public spending. I hope that the Treasury Select Committee will approve this appointment so that he can lead the OBR in its important work over the next 5 years."

Robert Chote said:

"I am delighted to have been nominated by the Chancellor as the next Chairman of the Office for Budget Responsibility and look forward to meeting with the Treasury Select Committee.

"The creation of the OBR is a great opportunity to ensure that the tax and spending decisions of this and future governments are informed by demonstrably rigorous and independent analysis of the outlook for the public finances and the economy.

"If my appointment is confirmed, I will ensure that the OBR draws on the fullest possible range of information and expertise, from within government and without, and that we will make and present our judgements without fear or favour."